I just had to make an account for this.
@BlueChipper Why are you trying to come up with reasons so hard that this ICO is a scam? If you were objective, then you would at least mention that the said GmbH was only founded on 24.11.2016 according to https://www.firmenabc.at/cointed-gmbh_Nqyy#crefo this source. I guess this means the company was active for only one month by the time they had to do their balance.
I am really starting to wonder what your motivation is. At first I thought, great a guy that warned of a scam ICO, but then I did my research, those guys have achieved much more than many of other ICOs already, something seems strange here. I guess they inflated their numbers, but I will be watching what the statement from Deloitte will say. Until then there is not much to do I guess.
Topic: 🔥🔥[ANN] Cointed ICO | 180 mio$ revenue | 100k GPUs | 100+ Bitcoin ATMs 🔥🔥 - page 18. (Read 12705 times)
October 22, 2017, 04:18:30 PM
October 22, 2017, 03:41:56 PM
So what ?
They can be directors and shareholders in companies all over the world
Sorry this is not relevant
They can be directors and shareholders in companies all over the world
Sorry this is not relevant
Very well, fine for me. Seems you are kind of enthusiastic investor. What we learned in this forums so far
- a key partner is blaming Cointed for serious IP infringements which endangers PayCo and the ATM products
- the director and investor, as well as the commercial register, claim that Crypto Unity OG and the "green mining" business doesn't belong to Cointed today which would endanger the second business segment, i.e. there is obviously no mining business in Cointed currently
- the latest commercial register shows that Cointed GmbH is not owned by Cointed Ltd hence ATM & Exchange businesses seems not to be in Cointed Ltd
- some people doubt the numbers of installed ATMs and who owns them
- the revenue numbers and financials have been doubted. Despite the company's public statements about an *established* business revenues were ZERO last year and no assets were shown in the balance sheet as of end of Des 2016 (see below), hence no *established* business
- all Cointed people are sort of Hongkong refugees and no social media contacts of the people involved are provided at all
- given all the findings it seems that a newly set up Hongkong shell company without assets is the token issuer and the white paper is false.
These are not my accusation but just a wrap-up. Well, to me it seems at least worthwhile to give it a second thought. Would you really give those people USD 120M to do exactly expand what? And the responsible people move to Hongkong!
As I said, very well. No risk, no fun, right?
October 22, 2017, 02:25:32 PM
I mean, what does it tell us if people claim to have other jobs in other countries while they don't? In a public communication to potential investors? Who are the directors then of Cointed GmbH in Austria?
[/quote]
So what ?
They can be directors and shareholders in companies all over the world
Sorry this is not relevant
October 22, 2017, 01:38:19 PM
why should they be in HK ?
do you think the directors of Cayman /Singapore ICO companies are really living there ?
If you read the press about Tezos you will see that they are not all living in Switzerland
Let's be specific here as this may be relevant legal-wise. The point is that the Cointed people claim that they are in Hongkong being all kind of "Assistant Manager" whilst they actually live and work in Austria and have management positions in Austria. In Tezos' case it was clear that the operating "for-profit" company (and their management) is the US and the fund-raising unit (and its management) is in Switzerland. That's what is said in their white paper. do you think the directors of Cayman /Singapore ICO companies are really living there ?
If you read the press about Tezos you will see that they are not all living in Switzerland
I mean, what does it tell us if people claim to have other jobs in other countries while they don't? In a public communication to potential investors? Who are the directors then of Cointed GmbH in Austria?
October 22, 2017, 01:12:08 PM
why should they be in HK ?
do you think the directors of Cayman /Singapore ICO companies are really living there ?
If you read the press about Tezos you will see that they are not all living in Switzerland
do you think the directors of Cayman /Singapore ICO companies are really living there ?
If you read the press about Tezos you will see that they are not all living in Switzerland
October 22, 2017, 01:01:17 PM
based on what is going on right now with other ICOs: https://cointelegraph.com/news/what-lessons-can-be-learnt-from-tezos-ico-debacle - not only the one who buys the tokens but also the one who sells tokens should care about the legal structure of an ICO-project. Raising money with false statements also in the ICO world will result in legal proceedings. It is just a matter of time.
There are evidently so many discrepancies with this CoinTed ICO no one should touch it. A quite evident question: why are these people in Kufstein or Vienna - should not they be in Hongkong???
There are evidently so many discrepancies with this CoinTed ICO no one should touch it. A quite evident question: why are these people in Kufstein or Vienna - should not they be in Hongkong???
October 22, 2017, 12:13:15 PM
Well, at least Cointed has more to show than other ICO's where literally is nothing except a nice website and promisses.
I don't care so much about the legal structure ,who owns what and when etc
My personal impression is positive. Let's wait and see
I don't care so much about the legal structure ,who owns what and when etc
My personal impression is positive. Let's wait and see
October 22, 2017, 12:11:55 PM
The price is too high or you entire supply is way too big. I understand that mining is not a cheap thing but anyway. And the term of pre-ico is a bit longer than must be for good.
October 22, 2017, 12:08:42 PM
Ico investors are protected by law ? please explain this in more detail
In most jurisdictions, the law demands that a company and its representatives must not issue false information about their assets, revenues, financial situation etc. If they do so they will be held liable by the law/prosecutors. It doesn't matter if they issue securities or tokens (that may be securities). That's just one example how the law protects investors. Currently, there is an intense discussion in most jurisdictions about the law and regulation around ICOs to protect investors and punish scams and frauds. October 22, 2017, 12:01:36 PM
You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud
So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
No, that's not what I am saying. If you claim to have assets like shares or IPs and you don't have them that's a fraud. If you have nothing but a great idea and make an ICO with this great idea then this is fine, absolutely. This is honest. So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
October 22, 2017, 11:57:27 AM
You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud
So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
October 22, 2017, 11:50:46 AM
After checking a lot of ICO Whitepapers and Business structures I came to the conclusion that this is completly irrerelevant as you do not get a share/dividend/voting right or whatsoever !
So I don't understand the useless discussion about Hong Kong , Austria etc. It is for my understanding just the place where Ico's are not regulated.(Singapore,Cayman's, HK )
Well, you are right. You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud. You are an investor and you need to trust the information provided. Even ICO investors are protected by law and ICO teams are held responsible by law. Nothing changed in this respect.So I don't understand the useless discussion about Hong Kong , Austria etc. It is for my understanding just the place where Ico's are not regulated.(Singapore,Cayman's, HK )
If a third party claims that an ICO team infringes its Intellectual Property as General Bytes does in this case, I think it's more than fair to discuss this at length?
October 22, 2017, 11:49:28 AM
Landing applications explained in more detail, but also a good direction, but the price is somewhat expensive, I may be an air drop, then, now there is no relevant activities?
October 22, 2017, 11:39:40 AM
Hi
I am a Cointed customer since 2016. So far I never had any problems with them. I always got what I ordered.
Because of this experience I invested in the Pre-Ico after checking the Whitepaper . I invested in other Pre-Ico's as well like TenX and Qvolta.
Why ? I am interested in a project which provides a solution for a daily use of cryptocurrencies. Exchange/Card etc
Cointed is -so far as I know- the first ICO with the Crypto ATM's.
After checking a lot of ICO Whitepapers and Business structures I came to the conclusion that this is completly irrerelevant as you do not get a share/dividend/voting right or whatsoever !
So I don't understand the useless discussion about Hong Kong , Austria etc. It is for my understanding just the place where Ico's are not regulated.(Singapore,Cayman's, HK )
Ico's are investments in a black box, take the risk of invest in something different. Maybe a share of Snap Inc which has no revenues at all since years!
If you have personal interest or revenge feelings stay out of the forum please !
I am a Cointed customer since 2016. So far I never had any problems with them. I always got what I ordered.
Because of this experience I invested in the Pre-Ico after checking the Whitepaper . I invested in other Pre-Ico's as well like TenX and Qvolta.
Why ? I am interested in a project which provides a solution for a daily use of cryptocurrencies. Exchange/Card etc
Cointed is -so far as I know- the first ICO with the Crypto ATM's.
After checking a lot of ICO Whitepapers and Business structures I came to the conclusion that this is completly irrerelevant as you do not get a share/dividend/voting right or whatsoever !
So I don't understand the useless discussion about Hong Kong , Austria etc. It is for my understanding just the place where Ico's are not regulated.(Singapore,Cayman's, HK )
Ico's are investments in a black box, take the risk of invest in something different. Maybe a share of Snap Inc which has no revenues at all since years!
If you have personal interest or revenge feelings stay out of the forum please !
October 22, 2017, 11:23:09 AM
The whole issue around Cointed is getting more and more obscure. The simple truth is that the company and token issuer Cointed Ltd is not what it claims to be and doesn't own what it claims to own. Moreover, at least one company - General Bytes - officially claims IP infringements, right?
Cointed said in their White Paper and in several other public communications that they own Crypto Unity OG (mining business) and die Austrian Cointed GmbH and all other assets and that everything is already recorded accordingly. Last time they did so in their "Brutkasten Interview" yesterday or in their official answer to the General Bytes Open Letter:
Fact is that the Crypto Unity OG still is owned by Charli AHO and the initial investor and hence they definitely do have this mining business in Cointed Ltd as purported in their White Paper:
Cointed's public statements are simply false in the sense of § 163a StgB and a criminal offense. False public statements are punished with up to 3 years jail especially if you provide those false statements to raise funds. They claim that the token issuer Cointed Ltd has assets it hasn't and hence they provide a false statement of assets to potential investors.
It's sad to see how ICOs are done and how careless teams are asking investors for up to USD 120.000.000. I mean, that's really big money. Look what's just happening to TEZOS with the upcoming legal procedures and litigations. There will be a lot of litigations around other ICOs too. So be careful with your investments especially when there is so much uncertainty.
Stay tuned, we will finish a comprehensive blog post ON Cointed and the team on Medium and LinkedIn tomorrow with all legal data and pieces of evidence.
Cointed said in their White Paper and in several other public communications that they own Crypto Unity OG (mining business) and die Austrian Cointed GmbH and all other assets and that everything is already recorded accordingly. Last time they did so in their "Brutkasten Interview" yesterday or in their official answer to the General Bytes Open Letter:
Quote
Cointed Ltd. Is the official Mother Company of Cointed GmbH, and it is already entere das Shareholder.
Deloitte and KPMG are doing the Legal Staff in all Countries right now, and with Date 20.10 – Cointed Ltd is MOTHER of all Companies we have WORLD WIDE and we have much ... All Shares and Companies belong to: Cointed Ltd.
Deloitte and KPMG are doing the Legal Staff in all Countries right now, and with Date 20.10 – Cointed Ltd is MOTHER of all Companies we have WORLD WIDE and we have much ... All Shares and Companies belong to: Cointed Ltd.
Fact is that the Crypto Unity OG still is owned by Charli AHO and the initial investor and hence they definitely do have this mining business in Cointed Ltd as purported in their White Paper:
Quote
Our subsidiary, the Vienna-based Crypto Unity OG, has been at the forefront of crypto mining developments since 2015, distributing custom-designed mining hardware for decentralised cryptographic networks - such as BTC, ETH, ETC, XMR and ZEC - as well as developing advanced BIOS and operating systems in-house.
This has been confirmed by AHO to the investor yesterday in a phone call. And the same is true for Cointed GmbH that is not owned by Cointed Ltd. See the official record of the Austrian Commercial Register above. The investor of Crypto Unity OG will take the necessary steps on Monday to reserve his rights and keep damage from him.Cointed's public statements are simply false in the sense of § 163a StgB and a criminal offense. False public statements are punished with up to 3 years jail especially if you provide those false statements to raise funds. They claim that the token issuer Cointed Ltd has assets it hasn't and hence they provide a false statement of assets to potential investors.
It's sad to see how ICOs are done and how careless teams are asking investors for up to USD 120.000.000. I mean, that's really big money. Look what's just happening to TEZOS with the upcoming legal procedures and litigations. There will be a lot of litigations around other ICOs too. So be careful with your investments especially when there is so much uncertainty.
Stay tuned, we will finish a comprehensive blog post ON Cointed and the team on Medium and LinkedIn tomorrow with all legal data and pieces of evidence.
October 22, 2017, 11:19:30 AM
This is a good project, i will follow and support it!
He seems like a legit guy between all those shillers - i will definitely follow him and put all my life-savings into this ICO - hope to get 180 mio$ in return
October 22, 2017, 11:02:34 AM
The ATMs does not all seem to belong to Cointed. Some belong to the shopkeepers.
Some shopkeepers payed a deposit of a few 1000 euros.
The Mining Hardware also belongs to Clients of Cointed.
Only a fraction-if anything at all-belongs to Cointed.
Its a fact that the ICO is issued by a Hongkong Limited that dont even owns the Austrian Business.
What could ever keep the issued tokens from being worthless?
140mUSD-keep that in Mind!
In case you buy this token you dont hold any fraction of maybe existing assets(ATMs-Mininghardware...) of any company.
The owners of the token receive a 10% discount on a small exchange-well there are hundreds of exchanges that sell Cryptocurrencies at lower prices and far smaller spreads.
You get some discounts for further investing at cointed.
So to generate a value of 140Mio people should invest 1400Mio more?
Come on guys - at my local pub I receive a discount of more than 10% without buying tokens before....
This whole thing smells fishy...
Some shopkeepers payed a deposit of a few 1000 euros.
The Mining Hardware also belongs to Clients of Cointed.
Only a fraction-if anything at all-belongs to Cointed.
Its a fact that the ICO is issued by a Hongkong Limited that dont even owns the Austrian Business.
What could ever keep the issued tokens from being worthless?
140mUSD-keep that in Mind!
In case you buy this token you dont hold any fraction of maybe existing assets(ATMs-Mininghardware...) of any company.
The owners of the token receive a 10% discount on a small exchange-well there are hundreds of exchanges that sell Cryptocurrencies at lower prices and far smaller spreads.
You get some discounts for further investing at cointed.
So to generate a value of 140Mio people should invest 1400Mio more?
Come on guys - at my local pub I receive a discount of more than 10% without buying tokens before....
This whole thing smells fishy...
October 22, 2017, 09:02:57 AM
I may say one THING to Cointed. Ia new here in this Forum. Christopher Rieder and Charli Aho are big liars and very arrogant.
They claimed they had the patent on Pandaminer as well as they had bought all the AMD chips. I know from 100% source that no contract with Nvidia exists and the claims were already forwarded to Nvidia and legal steps FOR SURE to be initiated in the near future.
I had tried to work with these people at Cointed but after a while I realized that they were big liar and blender and that neither contracts nor commitments were respected.
I'm sure the ICO of Cointed IS a Scam is all that is claimed in the Whitepaper is largely fictitious. I CAN ONLY PROMISE ANY WARNING AND NEVER TRUST THE PEOPLE BEHIND COINTED THEY ONLY WANT THE BEST FROM YOU, YOUR ETHER, TO SPEND IT FOR THEIR LIFESTYLE AND TRAVELLING FIRSTCLASS AND STILL KEEPING LIE TO PEOPLE. PLEASE BE AWARE!!!
They claimed they had the patent on Pandaminer as well as they had bought all the AMD chips. I know from 100% source that no contract with Nvidia exists and the claims were already forwarded to Nvidia and legal steps FOR SURE to be initiated in the near future.
I had tried to work with these people at Cointed but after a while I realized that they were big liar and blender and that neither contracts nor commitments were respected.
I'm sure the ICO of Cointed IS a Scam is all that is claimed in the Whitepaper is largely fictitious. I CAN ONLY PROMISE ANY WARNING AND NEVER TRUST THE PEOPLE BEHIND COINTED THEY ONLY WANT THE BEST FROM YOU, YOUR ETHER, TO SPEND IT FOR THEIR LIFESTYLE AND TRAVELLING FIRSTCLASS AND STILL KEEPING LIE TO PEOPLE. PLEASE BE AWARE!!!
October 22, 2017, 08:51:26 AM
This is a good project, i will follow and support it!
October 22, 2017, 07:58:19 AM
1.)
you say:
- 100% Fake followers on Facebook
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.
comment:
It is not a "problem that every company has to deal with". Buying fake followers means that you engaged in a service to pay for a certain amount of followers. Thats a very shady thing to do because its only purpose is to look bigger/better as you are. It is easy to proofe by comparing the rate between amount of followers and amount of interactions. This ratio is not right on your site, thats a simple fact and your information does not provide any value to it.
Although you are right. 100% is a exaggeration, it is probably around 95-98% fake followers in reality.
2.) Lies about corporate structure turnover/revenue:
you claimed that as of 20.10.2017 your Cointed GmbH will be owned . 100% by your Hongkong limited. This simply false. The relevante documents have been posted already in this forum. As a consequence, your Tokenholders are holding tokens with no value. Thats a simple fact
Also turnover/revenue/profit is not existing until beginning of 2017. As stated in your public balance sheet. I posted this information erlaier. Your figuers ( 25m, 100m) are pure fantasy.
3.) Lies about mining capacity.
You are claiming that you have developed minining Graphigcards with Nvidia and that you have plus 100.000 GPUs up and running as of today.
Thats simple false. The only thing you have been willing to share sofar is pictures of a storage room with a few thousend GPUd standing around not making money. And your offer to invite journalists in a few weeks (when your ICO is over) is simply a joke. Why proofing anything after your ICO. If you are not willing to provide a simple screenshot of your miningpool with a simple picuter of your mining facilitys then the simply do not exist. (like hundreds of other scams in the cryptoworld)
4.) Lies about one of the biggest player in the crypto ATM Industry.
It is said how strong you try to blame GT for your own misbehaviour.
5.) Claiming to have "developed" your own ATM
It would be easy to prove that, just share your patents. The animation you shared can be made with a photoshop app on a simple mobile phone. Its no prove for nothing. (and for sure not for getting 120m USD!!!)
6.).... so many more things to say... but it makes no sense to continue as long as you are not willing to puplish the above mentioned documents. It would be simple and if you would have all they things you claim to have in place you could share it in a matter of minutes.
you say:
- 100% Fake followers on Facebook
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.
comment:
It is not a "problem that every company has to deal with". Buying fake followers means that you engaged in a service to pay for a certain amount of followers. Thats a very shady thing to do because its only purpose is to look bigger/better as you are. It is easy to proofe by comparing the rate between amount of followers and amount of interactions. This ratio is not right on your site, thats a simple fact and your information does not provide any value to it.
Although you are right. 100% is a exaggeration, it is probably around 95-98% fake followers in reality.
2.) Lies about corporate structure turnover/revenue:
you claimed that as of 20.10.2017 your Cointed GmbH will be owned . 100% by your Hongkong limited. This simply false. The relevante documents have been posted already in this forum. As a consequence, your Tokenholders are holding tokens with no value. Thats a simple fact
Also turnover/revenue/profit is not existing until beginning of 2017. As stated in your public balance sheet. I posted this information erlaier. Your figuers ( 25m, 100m) are pure fantasy.
3.) Lies about mining capacity.
You are claiming that you have developed minining Graphigcards with Nvidia and that you have plus 100.000 GPUs up and running as of today.
Thats simple false. The only thing you have been willing to share sofar is pictures of a storage room with a few thousend GPUd standing around not making money. And your offer to invite journalists in a few weeks (when your ICO is over) is simply a joke. Why proofing anything after your ICO. If you are not willing to provide a simple screenshot of your miningpool with a simple picuter of your mining facilitys then the simply do not exist. (like hundreds of other scams in the cryptoworld)
4.) Lies about one of the biggest player in the crypto ATM Industry.
It is said how strong you try to blame GT for your own misbehaviour.
5.) Claiming to have "developed" your own ATM
It would be easy to prove that, just share your patents. The animation you shared can be made with a photoshop app on a simple mobile phone. Its no prove for nothing. (and for sure not for getting 120m USD!!!)
6.).... so many more things to say... but it makes no sense to continue as long as you are not willing to puplish the above mentioned documents. It would be simple and if you would have all they things you claim to have in place you could share it in a matter of minutes.
1.
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.
We are literally saying that we advertised in these countries and also explained why we did it. Addressed, but you decided to ignore it.The statement that 100% of our followers are fake is an exaggeration of incredible dimension.
2.
Again no lies. The 180$mio dollars are a low estimate for the end of this fiscal year.
We are willing to admit that these numbers were communicated poorly. We will be able to prove this with our balance sheet at the end of the year. Sceptical investors are invited to revisit this ICO at the beginning of the next year when this information will become publicly available.
Additionally, instead of providing proof about the company structure ourselves, our financial advisor Deloitte will be the one providing documents, which will be verified by the independant newspaper derBrutkasten, which was said in this video I am sure you watched. Although, maybe you don't speak German because you misquoted the same newspaper earlier.We are willing to admit that these numbers were communicated poorly. We will be able to prove this with our balance sheet at the end of the year. Sceptical investors are invited to revisit this ICO at the beginning of the next year when this information will become publicly available.
3.
As mentioned before, a camera team from https://derbrutkasten.at has been invited to visit our mining farm in Sweden. At this mining farm alone, Coitned operates 16,000 GPUs, which are up and running at this point. Stay tuned for the video! (and thank you for providing the publicity!)
Already answered, you are repeating yourself to inflate the list of unbased accusations
In one passage you critisize pictures, saying how easy they can be photoshoped, in the next you want to see screenshoots where you would siimply claim the same. Please tell us what is unsatisfactory about having an independent newspaper provide the proof.Already answered, you are repeating yourself to inflate the list of unbased accusations
4.
The GeneralBytes drama you keep citing is entirely because we are producing our own ATMs, as GB says themselves in the private email they decided to pusblish. This makes your point not make a lot of sense I am afraid. It seems like you are running out of accusations you are able to make up.
We stressed time and time again that we are unhappy with the way GB handlede the situation. Where did we blame them of anything at all or lied in any way?5.
https://imgur.com/a/cVGOp ? The idea that you need a patent to prove that you are in the development stage of a product seems odd, to say the least.
6.
Not actually a point of criticism, just another point to inflate the list.
You original list of 15 points was reduced to 5, which have all been addressed previously.
I agree that the community has the right to see the documents and mining farms you mentioned and have already explained that it is not us who will provide that proof, but Deloitte (one of the biggest and most trusted financial advisors in the world) and derBrutkasten (an independent Austrian newspaper).
Your posting history consists entirely of harrassement in this thread. Please have the integrity to stop acting like your goal is to uncover something and just admit that you are trying to inflict economical damage.
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